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Updated almost 12 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Eric Ireland
  • Investor
  • Murrieta, CA
0
Votes |
5
Posts

Selling seems obvious...

Eric Ireland
  • Investor
  • Murrieta, CA
Posted

It seems like an obvious decision, but thought I'd throw it out there to you guys and gals for opinions.

I purchased a house here in southern California in 2010 as my primary residence and it became a rental a year later due to relocation. I currently lose about $350 month on it and have been since it became a rental. The market here has spiked considerably and will continue rising into the summer. I can walk away with about $100k in profit from it and I do feel the neighborhood is getting maxed out.

Is there any reason to keep it? I would be taking the proceeds and investing them into a couple buy and holds out of state in a much more favorable cash flow market.

Most Popular Reply

User Stats

498
Posts
48
Votes
Xing Zhu
  • Durham, NC
48
Votes |
498
Posts
Xing Zhu
  • Durham, NC
Replied

I think it is still too early to sell. But if you truly believe your
prediction about the market, you should sell.

Rapid rising in price along does not imply
the peaking of the market.

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